Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit (HELOC) provides revolving access to funds secured by your home, much like a credit card but with significantly lower interest rates. You can borrow up to 65% of your home's value (or 80% when combined with a mortgage), repay, and borrow again as needed—ideal for ongoing expenses like tuition, home improvements, or business investments.

Interest is charged only on the amount used, and minimum payments are typically interest-only, offering maximum flexibility. HELOCs are popular for covering emergencies, bridging down payments on second properties, or funding renovations that increase home value.

We help structure HELOCs as standalone products or integrate them into mortgage refinances, ensuring you have accessible, low-cost capital when opportunities or needs arise. With responsible use, a HELOC becomes a powerful financial tool for managing cash flow and building wealth.

Unlike term loans that provide a lump sum you immediately start paying interest on, HELOCs give you access to funds only when you need them. Draw down $10,000 for a kitchen renovation this month, repay it over the next six months, then access $15,000 for a business opportunity next year. This flexibility makes HELOCs invaluable for managing variable expenses and seizing opportunities.

Many Canadians use HELOCs as emergency funds, replacing expensive personal lines of credit with low-rate home equity borrowing. Others leverage them for investment opportunities, property down payments, or funding education. The key is disciplined use—treating your HELOC as a financial tool rather than an extension of lifestyle spending ensures it builds wealth rather than creating problems.